Civil unrest and herding behavior
Evidence in an emerging market
Bibliographic Data
| ID | 15068487 |
|---|---|
| Authors | Christian Espinosa‐Méndez (0000-0001-6499-2414, Departamento de Administración, Facultad de Administración y Economía, Universidad de Santiago de Chile (USACH), Santiago de Chile, Chile, corresponding author) |
| Year | 2022 |
| Volume | 35 |
| Issue | 1 |
| Pages | 1243-1261 |
| Publication date | 2022-12-31 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Economic Research-Ekonomska Istraživanja (JOURNAL) |
| Journal identifiers | ISSN: 1331-677X • E-ISSN: 1848-9664 |
| Publisher | Informa UK Limited (PUBLISHER • GB) |
| DOI | 10.1080/1331677x.2021.1962382 |
| OpenAlex | W3190915874 |
| Language | EN |
| Citations received | 1 |
| References cited | 54 |
This investigation is the first to analyze how civil unrest impacts herding behavior in an emerging economy. Using series of prices and daily traded volumes of the companies that make up the IGPA of the Santiago Stock Exchange between 2010 and 2020, it was found that civil unrest causes reverse herding behavior in the Chilean stock market. Thus, herding behavior and inverse herding behavior are more complex behaviors than the financial literature has reported to date, especially in a period of civil unrest. Different robustness tests support the findings
Business · Economics · Emerging markets · Financial crisis · Financial economics · Geography · Herd behavior · Herding · Macroeconomics · Political science · Stock exchange · Stock market · Unrest · Financial Markets and Investment Strategies · Market Dynamics and Volatility · Risk Management in Financial Firms · Finance
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| Unique citing works | 1 |
|---|---|
| Citations per year | 1 |
| Citation span | 2025 - 2025 (1) |
| Citation velocity | recent |
| Highly cited | No |
| Citation types | Neutral: 1 |